Concur Technologies Now Covered by Davidson (CNQR)
In other Concur Technologies news, EVP Elena A. Donio unloaded 2,500 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $100.00, for a total value of $250,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on CNQR. Analysts at DA Davidson initiated coverage on shares of Concur Technologies in a research note on Tuesday. They set a “neutral” rating and a $100.00 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated an “underperform” rating on shares of Concur Technologies in a research note on Tuesday, August 5th. They now have a $72.00 price target on the stock, down previously from $73.00. Finally, analysts at Deutsche Bank raised their price target on shares of Concur Technologies from $95.00 to $110.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Concur Technologies presently has a consensus rating of “Hold” and an average target price of $106.77.
Concur Technologies (NASDAQ:CNQR) traded down 0.68% on Wednesday, hitting $99.93. 230,312 shares of the company’s stock traded hands. Concur Technologies has a 52 week low of $74.43 and a 52 week high of $130.39. The stock has a 50-day moving average of $94.37 and a 200-day moving average of $96.47. The company’s market cap is $5.700 billion.
Concur Technologies (NASDAQ:CNQR) last released its earnings data on Monday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. The company had revenue of $178.40 million for the quarter, compared to the consensus estimate of $175.15 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. Analysts expect that Concur Technologies will post $0.61 EPS for the current fiscal year.
Concur Technologies, Inc (NASDAQ:CNQR) is a provider of integrated travel and expense management solutions for companies of all industries, sizes, and geographies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.